Friday, November 6, 2015

Mysterious Billion-Dollar Car Company

No one knows who’s running it, but a mysterious electric car company is building a billion-dollar manufacturing plant and poaching the best minds in the auto world.

The company is called Faraday Future, and it began operating out of an old Nissan research facility in California sometime last year. The name Faraday comes from the English scientist Michael Faraday, who contributed massively to the fields of electromagnetism and electrochemistry.

It currently has more than 400 employees working for it, but company bosses claim to be hiring around 10 new staff members per week in various fields with the aim of having 500 by the end of the year. But for now, its staff boasts a who’s-who of electric car engineers and designers.

This includes the former vehicle and chassis engineer for the Tesla Model S, the head designer of the BMW i8, a former interior designer for Ferrari and a battery specialist from the Elon Musk-owned Space X. A further LinkedIn search reveals more employees who have significant experience at massive auto companies such as Ford, General Motors, Volvo and even the likes of Facebook and Google.

Nick Sampson, who was the former director of vehicle and chassis engineering for Tesla, is now the senior vice president at the company and seems to be acting as its spokesman.

He recently told reporters that the company would launch a brand new electric car in 2017 that would rival the Tesla Model S, and a press release revealed the company was ready to get that going.

4 comments:

Another huge distortion in what RW has identified as the boom phase of the government manipulated economy. This industry is almost completely funded by government subsidies and has little consumer demand to support it. If an investor could sustain a short position in Tesla stock until government subsidies become politically impossible, a fortune might be made. However, this could take years to come to fruition.

Apple is certainly perusing great car talent. I work for a company that is well know in the car RND business. I know they have tried to pick up one of my friends. I don't know anything about this shell company. I should ask.